In: Statistics and Probability
A sample of 64 cows is used to estimate the average weight of a herd’s population. If the population standard deviation is 96 pounds, what is the margin of error of the population average weight estimate for a 90% confidence interval?
Solution :
Given that,
Population standard deviation =
= 96
Sample size = n =64
At 90% confidence level the z is
= 1 - 90% = 1 - 0.90 = 0.1
/ 2 = 0.1 / 2 = 0.05
Z/2 = Z0.05 = 1.645 ( Using z table )
Margin of error = E = Z/2
* (
/n)
= 1.645 * ( 96 / 64
)
=19.74